Economy, Business And Markets

Bustling Day at IME

Bustling Day at IMEBustling Day at IME

Based on market demand, close to 183,000 tons of steel sections, polymers, bitumen, vacuum bottom, lube-cut oil, granulated sulfur, copper, wheat, and corn were up for grabs at the Iran Mercantile Exchange on Monday, IME’s public relations and international affairs office reported.

Mobarakeh Steel Company (MSC) had 39,600 tons of hot-rolled C, worth 17,077 rials per kg to be traded on the industrial and mining trading floor. The MSC also offered 28,600 tons of hot-rolled B, at the base price of 16,707 rials per kg for potential customers.

In addition, 6,000 tons of cold-rolled B, 4,000 tons galvanized rolls G, and 2,500 tons of tin-coated rolls were among other commodities offered by the MSC for Monday’s trade.

The agricultural trading floor played host to 800 tons of local corn, as well as 1,000 tons of durum wheat for potential customers.

The report also said that almost 23,000 tons of various polymers of petrochemical complexes, along with bitumen of different grades, vacuum bottom, sulfur and lube-cut oil were up for grabs on the oil and petrochemical trading floor. Furthermore, the export trading floor saw trade of 4,400 tons of bitumen 6070 for export purposes.